IT industry veteran and Infosys executive co-chairman S Gopalakrishnan feels that the sector will create up to 2 lakh jobs in FY14, despite not having recovered fully from the slowdown.
“Even if the industry grows at around 12-14% in FY14 as Nasscom has predicted, I expect about 1.7-2 lakh jobs to be created, which is very good considering the situation we are in. I believe that the IT industry will be one of the few sectors that will continue to create jobs in large numbers,” Gopalakrishnan told FE.
Commenting on the campus hiring scene, where the bulk of the recruitment used to happen over the years, Gopalakrishnan said, “In the past, the industry has created about 3 lakh jobs every year due to the immense campus hiring. But now that is limited. There will be lot of off-campus hiring because of the unpredictability.”
According to industry body Nasscom, the IT-ITes sector had a net hiring of 1,88,300 jobs in FY13. Currently the industry has over 30 lakh people directly involved, and is one of the largest organised private sector employers in the country. Indirectly the sector is an employer to 95 lakh people.
Commenting on Infosys’ hiring plans for this, he pointed out that the IT major is looking at hiring more, specifically for some of its new focus areas like consulting, products and platforms. “For consulting we typically hire MBA graduates in the markets that we operate like the US and Europe. And for areas like cloud and analytics it is difficult to get experienced people because the area itself is new. We need people who can work in this field and have an aptitude to pick up fast.”
While announcing its quarterly results, the company had said that hiring of laterals has increased because of a change in focus towards consulting and products. Infosys has started large-scale training for re-skilling its talent in the last two to three months. Until now Infosys was hiring senior and middle-level employees for the consulting business but now it is looking at people from top B-schools with an intention to retrain them.
That attrition rate at the Bangalore-based IT firm during the December quarter was flat at 15.1%. As on December 31, 2012, Infosys had 1,55,629 employees.